It's all a sliding slope until it reaches a breaking point and falls off like a cliff.
EDIT: to quote the Canadian PN earlier today:
“American hegemony in particular helped provide public goods, a stable financial system... this bargain no longer works. Let me be direct. We are in the midst of a rupture, not a transition... recently, great powers have begun using economic integration as a weapon. Tariffs as leverage ..."
It's not. This is where the financial rubber meets the road, actions have consequences, and the rest of the world is looking at the US as increasingly unlikely to pay above inflation on its debts.
The people managing the pension funds (if they are acting in good faith) really want to generate yield, and really want to preserve capital for the Danish people. They don't want to symbolically do those things, they want to actually do them. If treasuries were still part of what they believe to be the best strategy, they would still be holding them.
This is shoehorning. We’re threatening to go to war with Denmark. You don’t want to be owed money by folks who are attacking you.
This is $100M. No one will notice it.
Be a bit realistic here.
Maybe you have no skin in the game, so you can be idealistic.
Inflation may spirale, but it's going to be a US citizens problems (as well as US bond holders) in terms of inflation and budget cuts.
Treasuries are not the best way to do this. Almost any investment is better than yeeting a substantial portion of your net worth into Treasuries or a savings account.
> really want to preserve capital
Fiat currency, or bonds that promise payouts in fiat currency, are excellent for short-term capital preservation and terrible for long-term capital preservation, as every government that uses fiat currency has succumbed to the temptation to print more of it whenever it seems expedient.
Gold or Bitcoins are far better for preservation of capital.
There an interesting analysis on whether the EUs threats on financial markets actually bear any meaning here:
https://x.com/Kathleen_Tyson_/status/2013314168250675456
Edit: March 2022 peace deal that Boris Johnson sabotaged
https://www.nytimes.com/interactive/2024/06/15/world/europe/...
But in the last month, the U.S. President has pushed for a criminal investigation of the Fed chair because he isn’t doing what the U.S. President is asking, has threatened to start a war of conquest against a NATO ally, has simultaneously said increased taxes on imports will reduce the deficit but also that he will distribute it all away, has used import taxes as a geopolitical weapon, has said he runs Venezuela and one of the first things he’s done is injected the US government ahead of all other creditors.
All of this in the first few weeks of 2026. And every one of these actions destroy the very basis of why the world has confidence in the finances of the U.S. govt.
> AkademikerPension has in total 164 billion Danish crowns ($25.74 billion)
So they are moving about 0.4% of their investment.
Not pure symbolism, but $100 million is really nothing when we're talking about US treasuries. In the past decade, China has reduced their holding by about $600B.
The US isn't going to passively give up its hold on the world order. You don't think this would trigger a world war?
And if / when the US does topple (whether in 10 years or in 1000 years), at the moment it looks like the only viable next leaders in the world order are autocratic dictatorships.
How is this a best scenario from a global perspective?
Which is exactly what this administration is doing. What do you expect to happen when the POTUS and DOJ overtly pressure the sitting Chairman of the Federal Reserve to cut Fed Funds rates and print more money, thus creating more inflation in direct violation of a crystal-clear Congressional mandate? Do you think that's good for the U.S. as a destination for safe assets, or a "reserve currency"?
Do you remember the situation that precipitated the Nazi takeover of Germany? Wasn't it hyperinflation and economic collapse? And you think it would be a good idea to push the US further in that direction?
You'll get worse, not better.
> A new civil war that drives the US to fragment into several independent regions over the course of the next ~five years would kind of be the best scenario from a global perspective.
Are you serious? That's an utterly insane idea. The best scenario from a global perspective is the US regains its stability. Europe is in no position to defend itself militarily, it relies on US support via NATO. I believe similar is true of Japan and other countries. A US civil war would only help Russia and China (Russia would gobble up Ukraine and who knows what else, China would take Taiwan and dominate/subjugate the rest of Asia, like Japan, in some fashion that non-Chinese nations wouldn't be happy with).
Also US polarization isn't regional (e.g. a big part is urban/rural). There's no "fragmentation into independent regions" that would really solve the problem.
I really don't understand why people keep saying that despite the fact that Stephen Miran, Trump economic advisor, made it an explicit goal to devalue the dollar:
> The root of the economic imbalances lies in persistent dollar overvaluation that prevents the balancing of international trade
https://www.hudsonbaycapital.com/documents/FG/hudsonbay/rese...
They want the dollar's value to go down. You don't make someone change course by doing what they want as a punishment.
"How did you go bankrupt?"
"Two ways. Gradually, then suddenly.”
* https://www.goodreads.com/quotes/102579-how-did-you-go-bankr...
[0] - https://www.scmp.com/news/china/diplomacy/article/3316875/ch...
[1] - https://www.reuters.com/world/china/china-russia-discuss-ukr...
[2] - https://fddi.fudan.edu.cn/_t2515/57/f8/c21257a743416/page.ht...
It's hard to see any country wanting to get into conventional war with China, regardless of size of army and airforce - even the US is not going to do it unless actually attacked. At the end of the day if China seizes Taiwan (something Trump has made more likely by his seizing of Venezuala, now talking about Greenland, Cuba ..), then the US will just complain, create trade sanctions and/or tarrifs etc.
Macron has also said that he wants no part of Trump's (billion dollar entrance fee) "peace board" that he's going to be pushing at Davos.
A divorce from the USA would certainly hurt Europe, but it will also hurt the USA and it's ability to defend itself if it loses access to European intelligence and ability to have forward located military bases and refueling locations.
The Republican's are really shooting themselves, and the US, in the foot here by not standing up to Trump and therefore indicating that all this craziness is Trump rather than an enduring US policy that they support. Even if they flip flop when Trump is out of office, the rest of the world is never going to trust the US again.
On the one hand I do want someone (or a group of someones) to stick it to the US and "teach it a lesson". I see the US as a bully, and I want to see the bully get punched in the nose.
On the other, I don't wish harm to the US (mostly the people). Also because the US backed against a corner can have potentially devastating consequences for the rest of the world.
Ah no... this is people's money, and they likely came to conclusion the US bonds are inconsistent with the funds goals and risk appetite. Within the first few paragraphs of the article you see this:
> The decision is rooted in the poor U.S. government finances, which make us think that we need to make an effort to find an alternative way of conducting our liquidity and risk management
If you're dealing with peoples pensions, even if there are higher growth portion of the funds allocation, you've got to make sure there are portions of the fund that's stable enough to be regularly liquidated to send out regular payments.
Given the whole hoo-ha with trump trying appoint their own guy into the federal reserve, it isn't that surprising the fund managers have decided to decrease their allocation.
It might very well be that the USA will face a period of high inflation soon if we continue down this path of high government spending and no independent central bank to put a break on it.
And I can't even understand why this obsession of lowering interest rates in the USA. The economy is doing great, there's no shortage of investment money going around. There's really no reason to lower in the interest rates before we tackle the leftover inflation that still comes from the COVID measures.
It's Trump's personal insecurities playing again and not allowing anyone to tell him "no". What a child.
You have to understand how much the middle and lower classes can become addicted to cheap lines of credit made accessible to them.
Quebec is famous for the "Quebec Special". Cars with manual everything. No AC. Manual windows. Completely stripped down to be as affordable/disposable as possible. Also the roads are absolute shit, they never wash off the salt, there used to be no inspections and title-washing is common practice there.
So does the U.S.
It’s not. If we go to war with Denmark, there is a real chance we sanction them as well.
--Ernest Hemingway
Would it be a gradual decline or a step change after some point?
Maybe I overreact, but what a change of opinion from my grandad who saw the US land in Normandy... This credit we gave them is running out and I'd rather have a cold calculating dictator that tells me the population is too stupid to vote (common feeling in China) than an unstable mercurial dictator whining he didn't get a pretty prize.
And if Trump wants to talk about boats 500 years ago, how long does he think we've been in friendly contact with Russia and China ?
But doing that would undermine Euro's credibility, as the EU is a loose union of countries with their distinct interests and politics, also member countries would compete on outspending each other as the Euro would have been essentially free money, a Euro debt crisis on turbocharge.
So, the EU can never print like the US. The EU and China will be rivals.
The better move would be to invest internally. China wants a hegemony, whether they acknowledge it out loud or not. As Europe and Canada start seeking Chinese investment, the Chinese will seek something in return. They're not doing this out of the goodness of their hearts.
I'd also like to think that the American/Western investment in places like China and Russia are part of how we got to where we're at now. It became apparent for Western capital that human rights aren't necessarily compatible with economic growth and can even run contrary to it. Eventually that mindset permeates a society, and it has in the US. A large plurality of the population thinks that a billionaire strongman is necessary to remain competitive in the global marketplace. This mindset didn't show up overnight, it was a slow burn.
Some of it was fueled by the demographic transitions of the last fifty years, some by American economic anxiety - which was caused by American/Western investment in China - and the rest of the West has the same problems in those departments that the US has to one extent or another. The European/Canadian welfare state that provided protection from some of the economic anxiety that was seen in the US must get its funding from somewhere, and you get it from taxing economic expansion. Economic expansion relies on at least some population growth. Right now, you don't see native population growth in most Western countries. They have to have people immigrate in to stay competitive. In pretty much all of these countries, you've seen at least some friction between the "native" population and immigrants. You'll see more of that in the future, and that's how the Canadian/European Trump will show up. Doubly so in Europe, because their nation-states are partially defined in terms of ethnicity.
of course they aren't but it's also obvious what they want. Design a new global order where they have a seat at the table and get to determine standards, processes and technologies. That's the point of investing in telecommunications, cars, and so on. But what they don't want is annex European territory.
China is still ambitious enough to imagine itself as creating new international orders rather than just creating disorder, and so they'll likely make for a better partner for any civilized country than powers that descend into 19th century colonial neo-imperialism run by people who may as well come straight out of the Warhammer universe.
In the Canadian example at least the deal is signed. It's not just words.
> Chinese are our adversaries
Increasingly the US is a European adversary. They are literally threatening to invade the territory of a European country! China isn't doing that.
Very easy to dismiss it as the rantings of a madman but no-one is holding him back. People didn't take the tariff bluster seriously and then it became very real.
Whereas I remember multiple times our allies pillaging and colonizing the country.
Not a fan of their espionage, lack of IP respect and human rights record (albeit we should also look at ourselves on the last one as well). But those are things that could've been challenged diplomatically through economical levers imho.
The only reason China suddenly became the enemy is because their GDP growth put them as the world's biggest economy in few decades and Washington wasn't happy with this.
I'm sure he does.
But only a fool would piss off the Chinese.
Both in Macron's own country and his region, there will be hundreds of companies who are already cut-off from Russia, Africa, Middle-East and Central Asia due to geopolitics. China doesn't care and is busy selling there.
So what's left is the remainder of Asia, which is China's home turf where they are already ultra-competitive as they have the geographic advantage.
And of course there will be companies in Macron's country and region using Chinese manufacturing or otherwise engaged in Chinese JVs to get access to sell to the Chinese market.
So for Macron to go full-Trump on China would be a textbook case of cutting your nose to spite your face. The Chinese are masters at playing the long game and the West needs to be careful about knee-jerk short-termism actions.
The further we get away from that being true, the more precarious things become.
All the people complaining about "US Debt" and $26T of "net investment" or whatever don't realize that this is/was the benefit of the US being stable, strong, and friendly.
When the US is unstable, weak, and a bully, as it is now, all that goes away. The bill comes due, and the US will pay dearly. The rest of the world will pay nothing.
And which is harder? Bringing back production to satiate domestic demand or increasing domestic demand? Historically, demand deficiency is much harder to restore.
Just because the US changes political direction, that doesn't equate to instability. Its aims are changing, like it or not, good or bad. The US deciding it wants Greenland is not a proof of instability, it's a change in the strategic goals held by the people controlling the superpower.
And the US is at a high level of strength, not weakness. Its large corporations hold sway over the globe in a manner the likes of which has never been seen before in modern history. Its military has force projection to nearly every point on the globe, with hundreds of global military bases. Its national wealth is at an all-time high. Its stock markets are at all-time highs. Its median income is at an all-time high. Its median disposable income is at an all-time high. Its housing wealth is at an all-time high.
Nazis did it in Germany. They lost parliamentary seats in the November 1932 election, but remained the largest party with 33% of seats. The next year the country was already a dictatorship.
Communists did it in Czhechoslovakia in 1948. They led a coalition government but had just lost the previous election.
I'm worried that United States 2027 will be added to this list. If MAGA sees their grip on power starting to fade after November elections, they may try increasingly extreme measures.
Most of the US borrowing is domestic, very little of it is now foreign. No foreign entity can afford to absorb $2 trillion of new paper every year. That's equal to the total holdings of China + Japan. Going forward you might as well regard all US Govt borrowing as domestic, as that will essentially be the case given the scale. The UK holds $885b of treasuries, what are they going to buy annually that will make a difference at this point?
Every nation has a limitless ability to borrow internally via currency debasement, with obvious consequences. That USD debasement is why gold has gone up 10x in 20 years when priced in dollars. It's why healthcare and housing is so expensive - when priced in dollars. Cash pushed into gold in 2005, $100k, would now buy you a million dollar house. It's the dollar of course that has been hammered (among other currencies, the Euro has not done well against gold either).
The US won't stop being able to debase its currency and buy its own debt. What the US is doing is eating its hand. If it continues to get worse, it moves on to eating its arm, and so on (the US is de facto consuming its national wealth through stealth confiscation via currency destruction, rather than paying the bills with taxation directly).
Mechanically, "they" being sovereign banks serve as price-insensitive marginal buyers that close treasury auctions regardless of price because they buy treasury for storage/liquidity. VS domestic buyers (hedgefund insurance), who are price sensitive = raise rates to attract discriminate buyers who buy for yield/valuation = worse debt servicing = faster debasing. Foreign sovereign buyers still play governor role in making sure domestic buyers get a shit none-market deal, i.e. US gov gets a good deal which moderates velocity of debasing. Of course past certain level of debt brrrting, the ability for sovereign buyers to absorb is compromised, in which case it makes sense for US to fuck foreign buyers over and inflate away as much debt as possible while still reserve currency - US can inflate/soft default faster than world can unwind. And TBH US will probably be "fine" as long as US can still gunboat diplomacy. If can't be banker anymore, be the mob boss.
Edit: Yes, I am being sarcastic.
Is that a lot? Seems relatively inconsequential in the grand scheme of things, but perhaps a warning of larger moves to come.
Suppose these guys sell 10% of the daily trading volume. How do the traders in the market react? One possibility: Buy at current prices. Another: Speculate that there'll be more sales and the price will drop by a couple of per cent in the coming days/weeks, and delay their buying in order to buy the dip.
I'm sure the Americans have laid plans for how to avoid a major Oops.
I can't find the program name at the moment, but the Treasury plans for situations like this regularly.
For attacking allies?
I know that’s not what you meant but we must be pushing up against scenarios that haven’t been considered possible.
how about at the companies that supply that grocery store?
and so on up the chain.
https://www.bloomberg.com/news/articles/2025-12-18/foreign-h... | https://archive.today/4pfum
So a drop in the bucket, but we’ll have to see if it’s a domino.
So we need a better metric to evaluate this against. If we look at recent auctions, they typically move around 35-40 billion in 10 year notes and about 25-30 billion in 30 year notes. With the rest being short term.
In 2025, the Treasury issued $30 trillion total over 400 auctions.
So yes, $100MM is not a lot, but it's still three or so auctions worth of bonds. There's also the downstream impacts of this, as the Netherlands is likely no longer buying t-bonds in any form. And this is just one country.
Rounding error on a global scale.
https://ticdata.treasury.gov/resource-center/data-chart-cent...
For the USA - massive inflation. All of those dollars are coming back home, which will weaken the dollar.
Plus, there's the second-order effects from a president taking control of the fed by trumping up charges on its members. So high inflation + low/zero/negative interest rates.
It is not necessarily a question of "takes its place", but more about being more serious about diversification. Or to paraphrase the old IBM saying "nobody got fired for buying USD" is no longer the case.
In terms of options you have JPY, EUR and CNY as the big-three and maybe tag AUD on top.
I guess AUD has higher GDP (but much lower GDP per capita and worse forex rate to the us dollar)
Anybody who can (EU, Yuan) does not want to. Primairly because as export based economies, they want a weak currency in relation to a strong reserve (dollar) so they can make their goods more competitive, and also because surplus naturally appreciates a currency without central bank intervention via buying US treasuries to offset the appreciation. And for China, they're not going to accept the liberalized capital controls neede for it either.
So the answer is if the US dollars fail it would be global economic collapse and then chaos, but contrary to the rhetoric the rest of the world's economic systems are too uniquely vested in the USD to see it fail. As for gold, well we come to the same problem as noted above but worse, and in that situation the US actually holds the highest gold reserves so they still benefit the most out of it.
In the past it made things easier for everybody to use the same currency, but is that still the case with modern electronic transactions?
Maybe it splinters into Euro, BRICS, and USD?
Now that we really do have a destructive realignment underway, maybe gold will actually be useful again. I doubt it, but I’m no currency expert.
The other problem seems even bigger: we don’t have many high-skill workers available, but our wages are high enough that anyone bringing manufacturing back is going to try to automate it as much as possible. That seems like a real bind for the Republicans’ isolationist strategy: exports will be down due to a trade war and a difficult price/value ratio in the areas other countries currently dominate, and if we’re heading into a more automated economy we’re going to have a growing number of people who won’t be able to afford to buy much. This seems like a vicious self-inflicted cycle if it gets rolling.
We've been printing pretend money for quite some time, and supressing the value of precious metals (which is why you're now seeing silver bullion sell for $100+ an ounce). Copper is also selling out now.
These precious metals are extremely valuable because they're used to manufacture all of the technology consumers and nation states rely on daily. We're going to see a regression towards mercantilism and commodity hoarding. Most likely fiat will be abandoned in favor of crypto as we enter a new era of hyperinflation.
Buckle up - 2026 is going to be a wild ride.
If there is need you can now build very complicated systems as everything is digital anyway.
Maybe stable coins would be finally useful. Each currency has own stable coin and then they are automatically traded in massive market... /s
Really curious what your reasoning is here.
https://www.npr.org/2026/01/17/nx-s1-5680167/major-plumbing-...
US Navy would have have no parking spots left in Europe if they try to annex Greenland.
And that’s definitely going to upset the gold bugs.
(In reality lots of things are held in reserve)
USD is a routing currency that is used because it is cheaper than the mesh alternative. When it stops being cheaper whoever is then cheapest will get the routing transactions.
Mind you I'm a small investor (my portfolio is 100k-ish euros). I'm still exposed to US securities through ETFs though, as I have 3 different ones holding US companies, but that I ain't gonna sell them.
But for new capital I may as well provide it to others.
When you consider that historically our US fiat has been 65:1 (Au:Ag), it's scary to see the ratio back around the levels when Bretton Woods was implemented (50:1, 1930s-1960s). It's even scarier to see the rapid rate we are approaching to-when USD was gold-backed (22:1), considering that less than two years ago it was over 100:1 .
----
What else is a fiat-based country supposed to do after creating all these unfunded pensions/liabilities ?— ¡¿..then to inflate away the guaranteed difference..?!
I've wondered if maybe large metals funds get better rates, but also have no idea.
This depends on soooo many factors (mainly: mint, store, and your relationship(s) within). I buy and sell both stocks and bullion on long-term (years), and am typically only selling when I get over-extended on a project (construction renovations) and absolutely need liquidity [e.g: today's visit]. Young-forty-something.
But today at my US coin store (in a no-tax state), you could buy/sell a Canadian Mapleleaf (an ounce of 99.99% gold in easily-recognizable coin format) for 2.5% spot. For real physical gold that you can hold & hear (isn't fake/heavily-leveraged "paper gold").
I never recommend anybody transacts less than an ounce because the fees rapidly increase on smaller denominations (e.g. tenths are fee-prohibitive, other than as less-expensive gifts for recent graduates). Buy ounce coins, long-term, at regular intervals (no timing the market, only time IN the market!).
Silver is a wildcard, at least at my local shops. Today it cost me 6.5% to unload a few hundred ounces — which sucks, but shops are buying lots of silver right now given its recent increases; this increases their risk (should the market correct, which it probably will around $100 IMHO). Typically this would have been about 4.5% — still, I more than quadrupled my original investment (from just a few years ago).
So definitely you shouldn't be buying/selling bullion short term (fees will eat you alive!) — but it is always nice to have an emergency fund that isn't fiat (i.e. losing value guaranteed) but is also immediately convertible back into currency (no mail / ACH / bank delays).
I have about a year of my normal income in physical bullion. Most I've been holding on to for years — which is how you should transact physical metals. Timing any market is impossible... it doesn't always even rhyme.
[•] https://en.wikipedia.org/wiki/Dollar_cost_averaging
Disclaimer: I am a forty-something electrician — not your financial advisor — and am the type of risk-taker that has "stupidly" taken 10% of his paycheck in bitcoin/bullion, since 2013.
Without the G7 piling up dollars, there is no American exceptionalism.
Europe could apply all the same sanctions to the US that it has applied to Russia and Trump would still serve out his full term.
But that's just American hedge funds playing in an unregulated country so you could call that domestic as well
Nobody is reducing spending and delivery continues to go down.
Unfortunately most young people don’t realize they are being hoodwinked and so poll extremely supportive of this scheme.
I'm against putting any more money in 1%-ers pockets. None of your tax money does anything except... make the "rich&old" more rich.
The debt ceiling is literally not a problem at all, unless the US were to do something as monumentally stupid as to stop allowing its GDP to grow through trade, and devalue the US dollar, in which case everybody flees US treasuries, resulting in collapse of value, causing more people to flee UST, etc....
The debt hawks are very wrong about the fundamentals of currency, but they are less dangerous than the war hawks in the White House to the US's economic future.
It's one thing to do a epically stupid invasion of Iraq on faked intelligence, which ally support. It's another thing entirely to invade allies. It will totally end US dominance in the world.
"Thus, it is not directly related to the ongoing rift between the U.S. and Europe, but of course that didn't make it more difficult to take the decision," he added.
quotes from the Reuters article
The US pays $800B/year to service debt. It pays $800B-$1T/year for the military. What would you like cut that is discretionary? There appears to be no appetite to raise taxes on the wealthy, pay down debt, and reduce military spending. So US credit card go brrr. We’ll hit a debt spiral eventually.
I think you need to call it by its real name.
One Big Beautiful Bill Act.
You can tell how much care and considering went into if from the name.
How do you run a country without taxation? Can you point at an example?
/s
Serious answer: deficit spending and let inflation act as the taxation mechanism.
“I’m a real estate developer, I look at a corner, I say, ‘I’ve got to get that store for the building that I’m building,’ etc. It’s not that different. I love maps. And I always said: ‘Look at the size of this. It’s massive. That should be part of the United States.’”
Source: https://www.nytimes.com/2026/01/20/us/politics/trump-greenla...
VIU: Vanguard FTSE Developed All Cap ex N Amer Idx ETF
Hopefully they'll sell off their Nvidia, Apple, Microsoft, and other US equity holdings too. Part of the reason US equities are so expensive is massive foreign inflows. Foreign divestment of US equities would mean more Americans could buy them up cheap.
Regularly claimed to be the worlds largest stock market investor.
"The fund is the largest single owner in the world’s stock markets, owning almost 1.5 percent of all shares in the world’s listed companies."
https://www.nbim.no/en/about-us/norges-bank-investment-manag...
https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...
https://scanx.trade/stock-market-news/global/swedish-pension...
Not a political decision. Still a bad sign for the US, but not really unexpected.
The Roosevelt Corollary stated likewise the US would police any Latin American country's mismanagement.
Yet, all these people are proclaiming a certain person a warmonger instead of completely in line with historical US policy.
"The fund’s managers stressed that the decision was not a reaction to America’s territorial threats to Greenland, a Danish territory, but a judgment on Washington’s rampant overspending.
The fund is certainly not ditching American stocks, which make up 60% of its holdings of listed equity. Its private-equity assets tilt similarly heavily to America. Of its high-yield bonds, American issuers account for an even larger share, almost 80%."
and
"Despite the Danish sale, foreigners own more American government bonds than ever."
and
"Even after the s&p 500 slid by 2% on January 20th, following another tariff threat from Donald Trump over Greenland (since withdrawn), American assets continue to attract investors."
Last year, AkademikerPension had a return between 3 and 6 percent, which is lower than other Danish pension funds[2].
[1] https://akademikerpension.dk/nyheder/vi-ekskluderer-tesla/ (Danish)
[2] https://akademikerpension.dk/nyheder/afkast-mellem-3-og-6-pr... (Danish)
I moved my mails from M365 to a 2€ Hetzner cloud server in one day, it's quite easy with docker-compose apps like mailcow. Plus you have encryption and less errors when using thunderbird.
"The reason for the sales is an increased risk linked to the US's more unpredictable policies under Trump's leadership, says asset management manager Pablo Bernengo. Alecta assesses that the risk in US government bonds and the dollar has increased at the same time as the country suffers from large budget deficits and a growing national debt."
Just impeach the guy already. His mental capabilities aren’t far off Biden’s at the end.
The whole situation is been caused by a single guy and 400 enablers, whereas the US is a 400 million people country.
The correct form of reaction is a punch in the face during a bilateral meeting, Zelensky came close to doing it but unfortunately he resisted his impulse , that's where the epicenter of all newly generated global problems in the last 10 years lies, in that octogenarian brian of his.
In reality that one man is backed by half of the US voters, the Republican Party a lot of rich and powerful people, a clear majority of the police forces and an unknown part of the US military.
Also, them having elected Trump TWICE, why would they ever be trusted ?
Also when the alternatives are people like.. Hilary Clinton ?
- 9/11
- Iraq War
- Covid
The US did recover a bit deficit-wise in Obama years, but have not reset the fiscal picture from Covid.
The US imports a lot from Mexico, 15.5% of the total $3.36 trillion of US import, right here in the Americas. The EU about imports are about 18.5%.
Merz's mother-of-all-deals needs to have India lower its imposed tariffs on Germany of 100-150% on autos, which would cut against India if the new FTA goes through by Q2 2026.
May you live in interesting times is a wish or curse coming to fruition...
If this pace keeps up for 10 years I don’t see how methane will be useful in the energy sector. Let’s face it, we’re investing in a dying industry. In 20 years our kids (or grandkids) will laugh at any country burning methane to make electricity.
